v3.7.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of Activity of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

    

U.S.

 

International

 

 

 

 

(In thousands)

 

Markets

 

Markets

 

Total

 

Balance as of December 31, 2014

 

$

2,289,800

 

$

 —

 

$

2,289,800

 

Acquisition of Starplex Cinemas

 

 

116,891

 

 

 —

 

 

116,891

 

Balance as of December 31, 2015

 

 

2,406,691

 

 

 —

 

 

2,406,691

 

Acquisition of Odeon Cinemas

 

 

 —

 

 

898,627

 

 

898,627

 

Acquisition of Carmike Cinemas

 

 

624,803

 

 

 —

 

 

624,803

 

Adjustments to Starplex Cinemas

 

 

13,260

 

 

 —

 

 

13,260

 

Currency translation adjustment

 

 

 —

 

 

(10,421)

 

 

(10,421)

 

Balance as of December 31, 2016

 

$

3,044,754

 

$

888,206

 

$

3,932,960

 

 

Schedule of detail of other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

 

    

 

    

Gross

    

 

 

    

Gross

    

 

 

 

 

 

Remaining

 

Carrying

 

Accumulated

 

Carrying

 

Accumulated

 

(In thousands)

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amortization

 

Amortizable Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Favorable leases

 

1 to 42 years

 

$

198,145

 

$

(27,849)

 

$

122,831

 

$

(20,592)

 

Management contracts and franchise rights

 

1 to 9 years

 

 

5,771

 

 

(3,150)

 

 

4,540

 

 

(2,399)

 

Non-compete agreement

 

4 years

 

 

2,600

 

 

(535)

 

 

2,300

 

 

 —

 

Starplex trade name

 

10 years

 

 

7,900

 

 

(198)

 

 

 —

 

 

 

 

Carmike trade name

 

7 years

 

 

10,000

 

 

(62)

 

 

 —

 

 

 —

 

NCM tax receivable agreement

 

20 years

 

 

20,900

 

 

(3,639)

 

 

20,900

 

 

(2,804)

 

Total, amortizable

 

 

 

$

245,316

 

$

(35,433)

 

$

150,571

 

$

(25,795)

 

Unamortized Intangible Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AMC trademark

 

 

 

$

104,400

 

 

 

 

$

104,400

 

 

 

 

Starplex trade name

 

 

 

 

 —

 

 

 

 

 

8,200

 

 

 

 

Odeon trade names

 

 

 

 

50,859

 

 

 

 

 

 —

 

 

 

 

Total, unamortizable

 

 

 

$

155,259

 

 

 

 

$

112,600

 

 

 

 

 

Schedule of amortization expense associated with the intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Year

 

Year

 

 

 

Ended

 

Ended

 

Ended

 

 

 

December 31,

 

December 31,

 

December 31,

 

(In thousands)

    

2016

    

2015

    

2014

 

Recorded amortization

 

$

9,642

 

$

8,380

 

$

8,804

 

 

Schedule of estimated annual amortization for the next five fiscal years for intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

    

2017

    

2018

    

2019

    

2020

    

2021

 

Projected annual amortization

 

$

17,283

 

$

16,576

 

$

14,876

 

$

13,991

 

$

12,940

 

 

Odeon  
Schedule of additional information of intangible assets acquired

 

 

 

 

 

 

 

 

 

Weighted Average

 

Gross

 

(In thousands)

    

Amortization Period

    

Carrying Amount

 

Odeon Acquired Intangible Assets:

 

 

 

 

 

 

Amortizable Intangible Assets:

 

 

 

 

 

 

Favorable leases

 

18.3 years

 

$

59,438

 

Management contracts

 

7.4 years

 

 

1,195

 

Total, amortizable

 

18.1 years

 

$

60,633

 

 

Carmike  
Schedule of additional information of intangible assets acquired

 

 

 

 

 

 

 

 

Weighted Average

 

Gross

(In thousands)

    

Amortization Period

    

Carrying Amount

Carmike Acquired Intangible Assets:

 

 

 

 

 

Amortizable Intangible Assets:

 

 

 

 

 

Favorable leases

 

17.2 years

 

$

15,876

Carmike trade name

 

7 years

 

 

10,000

Total, amortizable

 

13.3 years

 

$

25,876